Egypt's ECMI targets 10 pct increase in pharma investments

CAIRO - 18 April 2018: The Export Council for Medical Industries (ECMI) aims to increase the pharmaceutical sector investments by 5-10 percent within the coming period, ECMI undersecretary Emad Louis said on Wednesday.

The sector investments are currently estimated at EGP 2.2 billion, he revealed at a meeting organized by the council in the presence of a delegation from Emirati and Omani companies.

The Egyptian government has taken several reform and legislative measures with the aim of luring investments, he said.

Meanwhile, Louis disclosed that pharmaceutical exports totaled $250 million over the past year.

The ECMI targets a 20 percent increase via bilateral meetings between Egyptian companies and their international peers, he said.